Indonesia and United Arab Emirates plan to form sovereign wealth fund. The financial scheme will be used to develop the new capital city in East Kalimantan. Indonesian Ambassador to United Arab Emirate, Husin Bagis at the office of Coordinating Ministry of Maritime division in Jakarta explained that the plan will be formed along with Abu Dhabi Investment Authority (ADIA). The sovereign wealth fund will finance some infrastructure projects such as real estate, including tourism destination development and other private projects.
Representative of Consulate General of The People's Republic of China in Medan held a meeting with officials of city’s government of Pekanbaru on Thursday (9/1). The meeting discussed cooperation between The People's Republic of China and the city’s government of Pekanbaru. Previously, cooperation between the government of and Dao city has been established. Mayior of Pekanbaru, Firdaus hopes cooperation with China can also be established. China plans to invest in infrastructure in Pekanbaru. China considered that Pekanbaru is strategic region in Sumatera.
Government of Papua New Guinea – PNG asked the Indonesian government through provincial government of Papua to hold again Border Trade Festival at the border of the two countries. Head of Border Bureau and Foreign Cooperation of Provincial Government of Papua, Suzana Wanggai said in Jayapura, on Wednesday (8/1) that the request was delivered when meeting the border officials in Lae late 2019. Because, the event also became media for entrepreneurs from PNG to see business opportunities, especially in establishing cooperation with Papuan entrepreneurs to supply various commodities to the country. In addition, the festival also became media to promote their commodities. Suzana also said that her office will try to hold the event.